Alongside its strategic investment, NEC X will collaborate with Verdi to enhance its technology and geographic reach while augmenting NEC's CropScope initiative. This complementary joint effort will enrich farm irrigation practices in
This collaborative synergy and partnership exemplify the mission of NEC X's Elev X! programs, which are designed to foster strategic alliances that bridge technological gaps, drive innovation and accelerate the adoption of transformative startups globally.
This also signifies Verdi's entry into Elev X! Boost, which provides startups on the brink of significant scaling with a customizable blend of capital, strategic partnerships and integrations with NEC's expansive tech ecosystem.
"With increasingly severe weather and resource scarcity globally, it's clear that we need new, innovative agricultural infrastructure that is both efficient and sustainable," said
"Our strategic partnership, collaboration and integration with NEC X is invaluable as we enhance our AI capabilities and scale our platform to reach new markets. With NEC's international reach and deep sector expertise, we are uniquely positioned to be a global leader," said
Founded in 2020 by Canadian entrepreneurs'
Verdi's intelligent devices transform existing farm infrastructure (ex. irrigation equipment) into smart systems capable of AI-powered automation, enabling farmers to boost crop and workforce productivity while significantly reducing technology adoption costs. Verdi has also driven sustainable impact for its customers, which include the world's largest food brands. In 2023, Verdi saved its customers over 30 million liters of water.This latest investment synergizes with NEC's long-ranging commitment to promoting sustainable and profitable farming.
This includes the development of its AI-enabled agricultural information and communication technology (ICT) platform, "CropScope," as well as the establishment of joint ventures such as DXAS Agricultural Technology LDA with Kagome Co., Ltd.
With this investment, NEC X also joins a roster of other notable investors in Verdi, including
To learn more about the Elev X! programs, please visit: https://elev-x.com.
About NEC X
NEC X is an innovation powerhouse and curator of disruptive startups backed by the global technology leadership of NEC. Leveraging NEC's 125 years of IT and network technologies expertise, NEC X's startup-focused approach transforms visionary ideas into commercial successes that revolutionize how we work and live. Since its inception in 2018, NEC X has helped launch and grow more than 100 startups.
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